This is a"walk away from" mess. Since it was a LTd company the directors have the protection of limited liability and are only liable for the share capital that they invested in the company. To pursue them as private individuals will simply not achieve anything. To openly bad mouth them no matter how much they deserve it could lead to an accusation of harrassment!!
As regards adminstration/liquidation forget it - it simply will not happen. An insolvency practictioner will be looking for a minimum of £10,000 even to look at the company. The company will probably be left in limbo and get dissolved by companys house in due course. Any director could of course pay £10 to companys house and ask for the dissolution of the company. The notice of such would be printed in (I Think) the Edinburgh Evening news!!. Any creditor can object to this but I would suspect that if HMRC are owed monies then they would hold up the dissolution for at least 18 months.
If as reported the company owned/rented 2 aircraft then I am suprised that the Airport owner has not used the Air Navigation act to impound the aircraft awaiting payment of his debts. This happened with Comed at Blackpool some years back. It took a long time for private owners who had allowed Comed to hire their aircraft out a long time to recover their property. Anyone who may have done this through the CFS could be in for a nasty shock as they could equally be liable for the debts. I do not know how the Comed situation panned out eventually.
If anyone is thinking of making a soap out of this then I suggest that they include the going ons of Merlin ( bust Cumbernauld) and the transfer of a "club from Edinburgh" when they re located to CBN.
Must be the micro climate around that area